For a Business Combination in Which the Acquirer Achieves Control

question 5

Multiple Choice

For a business combination in which the acquirer achieves control without acquiring all the equity of the acquiree, the noncontrolling equity interest is measured:

• A)either at fair value or at noncontrolling interests' proportionate share of the acquiree's net identifiable assets.
• B)either at historic cost or at noncontrolling interests' proportionate share of the acquiree's net identifiable assets.
• C)only at fair value.
• D)either at historic cost or at controlling interests' proportionate share of the acquiree's net identifiable assets.

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Definitions:

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Banks

Financial institutions licensed to receive deposits and provide loans, and offer various other financial services like wealth management, currency exchange, and safe deposit boxes.

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Individuals or firms that act as intermediaries between buyers and sellers, facilitating transactions.

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